Electroplating Equipment Market Highlighting Regional Revenue Share Dominance during 2023-2030 Atotech, JCU, Besi

The electroplating equipment market is a vital component of the global surface finishing industry, catering to businesses across various sectors. Electroplating, a process of depositing a layer of metal onto a surface, is widely used to enhance the appearance, durability, and corrosion resistance of objects, ranging from automotive components to consumer electronics. The market offers a wide range of electroplating equipment, including tanks, rectifiers, filters, and other accessories that facilitate the electroplating process. The demand for such equipment is driven by the manufacturing and refurbishment activities in automotive, aerospace, electronics, and jewelry industries, as they seek to meet high-quality standards and environmental regulations.

"The Electroplating Equipment market is estimated to grow at a CAGR of 6.44% between 2023 and 2030."

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Key Developments:

On December 17, 2020, Atotech launched the new DynaSmart plating line for corrosion resistant coatings. DynaSmart comes with a revolutionary automation design, which enables several product carriers to be moved simultaneously through different plating tanks. It is compact in size and available as a modular system. Thus, it fits into already designed factories.
On December 14, 2020, Atotech launched its innovative super-bright mid-phosphorus electroless nickel process: Nichem MP 400. Nichem MP 4000, a sustainable and hazard-free process, is able to plate Ni-P (Nickel Phosphorous) coating with very high gloss values ranging from 300 GU to 600 GU.
On November 17, 2020, Jing Mei Industrial Ltd. (JMI) opened a new production facility in Bangkok, Thailand. The surface treatment facility in Thailand offers high quality, state-of-the-art electroplating services with a broad range of finishes such as chrome, matte nickel, satin chrome, and brushed.

Most Prominent Players in the Market are Atotech, JCU, Besi, EEJA, Jettech, George Koch Sons, Technic Inc, PAL, PAT, KOVOFINIS, HL, Gangmu machinery, PENC, HEKEDA, STS

This report segments the Electroplating Equipment Market on the basis of Types are:

Automatic
Semi-Automatic
Others

On the basis of Application, the Electroplating Equipment Market is segmented into:

Automotive
Machinery
Home Appliance
Electronic
Others

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Unlocking Regional Dynamics: In-Depth Insights into Electroplating Equipment Market Trends by Geography:

North America and Asia were the primary regions significantly influencing the market. North America, driven by the United States, held a substantial market share of approximately 35%, thanks to its robust manufacturing sector and demand for electroplating equipment in various industries. Asia, particularly countries like China and Japan, accounted for around 40% of the market, driven by their large-scale electronics and automotive manufacturing, which necessitated advanced electroplating technologies. Europe followed with a market share of about 20%, with countries like Germany and the United Kingdom playing key roles in the region's market. Other regions, including Latin America and the Middle East, made up the remaining 5% of the market.

Scope Of Electroplating Equipment Market

The scope of research in the electroplating equipment market encompasses both domestic and international markets, with a focus on industries with significant electroplating requirements. It covers various aspects of electroplating equipment, including tanks, rectifiers, and filtration systems, as well as the types of materials used for electroplating. Market analysis extends to the study of manufacturing facilities, distribution channels, and the impact of technological advancements on the industry. The research also explores the influence of environmental regulations, economic conditions, and geopolitical factors on the electroplating equipment market. This research is essential for manufacturers, suppliers, and end-users of electroplating equipment, providing valuable insights into market trends, innovations, and challenges in the electroplating industry.

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Research Methodology Of Electroplating Equipment Market

To gain insights into the electroplating equipment market, researchers employ a multifaceted research methodology. Primary research includes interviews and surveys with manufacturers, suppliers, and end-users of electroplating equipment, enabling the collection of current market trends and preferences. Secondary research involves the review of industry reports, market data, and academic literature to understand historical trends, technological advancements, and regulatory requirements. Furthermore, market analysts use statistical modeling and data analysis to forecast future market developments, taking into account factors like industrial demand and technological innovations.

Electroplating Equipment Market - Covid-19 Impact and Recovery Analysis:

The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain including Electroplating Equipment industry. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries including Electroplating Equipment. This report on Electroplating Equipment Market provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of Covid -19 Situation in the Electroplating Equipment industry.         

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This release was published on openPR.